Research | Who pays for sustainability? An analysis of sustainability-linked bonds
Who pays for sustainability? An analysis of sustainability-linked bonds
9 February 2022
This paper analyses sustainability-linked bonds (SLBs), which tie bond coupons to sustainability performance targets. They find issuing an SLB yields an average premium of -9 basis points on the yield at issue compared to a conventional bond, and the savings for an issuer exceed the maximum penalty for failure to meet the target.
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